Today, June 6, 2025, the cryptocurrency market is experiencing a significant drop, and XRP is no exception. Below, we explain the main reasons behind this decline:
Mass liquidations and whale sales: In the last 24 hours, over $12 million in long positions of XRP have been liquidated, intensifying selling pressure. Additionally, large investors (whales) have been selling their assets, contributing to the price drop.
Decrease in open interest and futures volume: The XRP derivatives market shows signs of a possible prolonged bearish trend, mainly due to a decrease in open interest (OI) and trading volume.
Tensions between public figures: The public dispute between former President Donald Trump and Elon Musk has negatively affected the sentiment in the crypto market overall, causing a 7% drop in the price of XRP.
Monthly token unlock by Ripple: Ripple has released 1 billion XRP this month as part of its regular token unlocking, resulting in an approximate 2% decrease in the price of XRP.
Bearish sentiment in the crypto market: The cryptocurrency market as a whole has experienced a 2.8% decrease in global capitalization in the last 24 hours, reflecting bearish sentiment among investors.
🔍 Conclusion
The combination of liquidations, sales by large investors, tensions between public figures, and technical factors has led to a negative day for XRP and the crypto market in general.
Do you have any strategy to face these volatile times? Share your opinion in the comments! 💬
